A strange start to the weeks trading, having someone pushing the price down with a sell order of ~160,000 shares @$1.20. I assumed the seller would pull it before open, but no it remains and has become an effective cap to the price.
This has occurred just as Morgans put out a positive comment for the company: "Add Strong result expected. Management in November guided to 1H24 EBITDA growth of 43-67% to between $6-7m (MorgansF $6.5m) and NPAT to be up 44-67% to between $2.6-3m (MorgansF $2.7m). This includes one-off costs related to the Sharrow project. Given the strong momentum in the business, we think guidance could be conservative."
Any thoughts anyone?
VEE Price at posting:
$1.14 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)